Selling Silver - Need Advice - Coin Community Forum

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Author	Replies: 11 / Views: 1,887
djv83 New Member United States 2 Posts	Posted 09/02/2011 03:15 am I will be selling the following coins to a coin shop this weekend. How much should I expect per coin? I just don't want to be ripped off 2006 W Proof SAE x2 2007 W Uncir SAE x6 2007 W Proof SAE x2 Report this Post to the Staff

djv83 New Member United States 2 Posts	Posted 09/02/2011 03:20 am I forgot to say above that I bought these from the mint and they are in blue boxes Edited by djv83 09/02/2011 03:21 am Report this Post to the Staff
Fuzzy317 Moderator United States 14463 Posts	Posted 09/02/2011 03:27 am I am no expert, but I would say at the most you will get spot price. If you have the boxes plus COA, maybe a dollar or so above spot. Edited by Fuzzy317 09/02/2011 03:27 am Report this Post to the Staff
John1 Moderator United States 56855 Posts	Posted 09/02/2011 06:24 am A dollar or so above spot seems like a rip off to me,glad I stopped collecting them.djv83,please let us know what you end up getting for them. John1 Report this Post to the Staff
GR58 Bedrock of the Community United States 11951 Posts	Posted 09/02/2011 07:08 am Those are all mint boxed coins, proof and burnished. At the coin shop I work at you would get more for them then the BU bullion coins. We pay spot for BU bullion coins. If I remember right we are paying $50 for common Proof ASE coins. It has been a while since I have seen a burnished coin come in I am thinking we would pay $45+ for those Report this Post to the Staff
macmercury Pillar of the Community United States 5823 Posts	Posted 09/02/2011 10:56 am Chat with APMEX online to see how much they would offer you, factor in the cost of shipping too. Report this Post to the Staff
schockergd Valued Member United States 397 Posts	Posted 09/02/2011 10:57 am I'd say around $50. Report this Post to the Staff
beachloan Valued Member United States 219 Posts	Posted 09/02/2011 11:08 am This is just my take on it (and I have a couple hundred pounds of silver) but unless you are broke and have nothing else to sell keep the silver! Report this Post to the Staff
mitchhailey Pillar of the Community United States 1150 Posts	Posted 09/02/2011 1:11 pm My Two Cents (and I have a couple tons of silver), is do not sell unless you are broke and have nothing else to off. Report this Post to the Staff
fenton Pillar of the Community United States 4989 Posts	Posted 09/02/2011 2:01 pm The uncirculated ones are worth spot ($43). The proofs probably have a market value of $50 but dealers need to make a profit so they will likely offer $47-$48. I don't believe any of the modern silver bullion issues have any intrinsic numismatic value or numismatic potential. Hence, as a long haul investment - in your lifetime at least - they will never be worth much more than bullion price. Report this Post to the Staff
fenton Pillar of the Community United States 4989 Posts	Posted 09/02/2011 2:02 pm Also - this is a GREAT time to sell bullion. Values have far outstripped inflation and are at levels not seen since 1980. Comparable to selling a home back in 2005 and 2006 you may never again see an opportunity like this. Report this Post to the Staff
mitchhailey Pillar of the Community United States 1150 Posts	Posted 09/02/2011 2:45 pm No one can read the future. Gold and Silver both have the potential to literally go ballistic, value wise. We are nowhere near our inflation adjusted 1980 highs. I'm not saying sell or don't sell. I'm saying there is more upside potential than downside, and it may behoove you to wait. Report this Post to the Staff
	Replies: 11 / Views: 1,887

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